Caisses d’Epargne definition

Caisses d’Epargne means the 17 Caisses d’Epargne et de Prévoyance.
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Examples of Caisses d’Epargne in a sentence

  • Instead, its economic interest in the results of operations of the Banques Populaires and Caisses d’Epargne is limited to the financing that it provides to them as part of its activity as central body of Group BPCE.

  • The business of BPCE or Groupe BPCE may therefore be subject to significant disruptions in the event that the Banques Populaires and the Caisses d’Epargne are unable to resolve any differences concerning the relevant group’s development.

  • BPCE may be required to contribute funds to the entities that are part of the financial solidarity mechanism if they encounter financial difficulties, including some entities in which BPCE holds no economic interest As the central body of Groupe BPCE, BPCE guarantees the liquidity and solvency of each of the regional banks (the Caisses d’Epargne and the Banques Populaires), as well as the other members of the affiliated group that are credit institutions subject to regulation in France.

  • As a result, BPCE does not share in the profits and losses of the Banques Populaires and Caisses d’Epargne.

  • In the event of a disagreement between the Banques Populaires and the Caisses d’Epargne, the business or operations of BPCE could be subject to significant disruptions The mechanism for the appointment of members of the supervisory board and of the management board of BPCE, as well as the implementation of various corporate governance measures is set forth in a protocol originally dated 24 June 2009 (the “BPCE Protocol”).

  • In addition, the BPCE Protocol provides (and the bylaws of BPCE provide) that certain decisions deemed essential require the approval of 12 out of 18 members of the supervisory board (meaning a favorable vote from at least one representative of each of the Caisses d’Epargne and the Banques Populaires and from among the outside directors).

  • BPCE does not hold any ownership or financial interest in the Caisses d’Epargne and the Banques Populaires BPCE does not hold any direct or indirect interest in the Banques Populaires and Caisses d’Epargne, although it acts as central institution, centralizes Groupe BPCE’s funding operations and manages the group’s financial solidarity mechanism.

  • Supply chain disruption, shifting consumer demand, and managing remote teams have all presented their own unique challenges to senior executives worldwide.

  • The Q2-13 results are presented pro forma to account for the transfer of BPCE Assurances to Natixis and the Q1-13 comparison base is presented pro forma of the buyback (and subsequent cancellation) by the Banque Populaire banks and Caisses d’Epargne of the Cooperative Investment Certificates (CICs) held by Natixis.

  • BPCE SFH est également dépendant de BPCE, des membres du réseau Banques Populaires et des membres du réseau Caisses d’Epargne en tant qu’emprunteurs au titre des Prêts octroyés par l’Emetteur et en tant que garants (à l’exception de BPCE) conformément au Crédit (Credit Facility and Collateral Framework Agreements).

Related to Caisses d’Epargne

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